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Constellation Brands Crosses Below its 10-day MA (STZ)

By Nick Russo

Today, shares of Constellation Brands (NYSE:STZ) have crossed bearishly below their 10-day moving average of $156.41 on a volume of 139K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Constellation Brands has traded in a range of $114.49 to $160.39 and is now at $156.27, 36% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.77% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Constellation Brands on March 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $145.67. Since that recommendation, shares of Constellation Brands have risen 7.5%. We continue to monitor STZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Constellation Brands

Ticker(s): STZ